Archive · 3 Oct 2025
UPS and NPS: Employees Can Have Both, But with a Catch
If you're a government worker who chose the Unified Pension Scheme (UPS), you can still have an NPS account!
The government extended the deadline to decide about UPS.
The answer is yes, but you need to open an NPS account in the 'All Citizen Model.'
Think of NPS like another place to save for your retirement and make some investments.
The UPS scheme gives a set amount, but NPS depends on how your investments do.
NPS allows you to get more benefits and have control over investments and taxes.
Central government employees have an extended deadline to choose the UPS.
The UPS deadline is now extended to November 30, 2025.
Employees can have both UPS and NPS accounts.
NPS accounts must be opened under the 'All Citizen Model.'
UPS offers a defined benefit pension, while NPS offers market-based returns.
- Who
- Central government employees
- What
- Can maintain both UPS and NPS accounts.
- When
- As of November 2025, UPS deadline extended
- Where
- N/A
- Why
- Provides additional pension and investment options.
- UPS Launch
- April 1st, 2024
- UPS Eligibility
- Central government employees appointed after January 1, 2004, who opted to switch from NPS
- NPS Eligibility
- All Indian citizens (under the All Citizen Model)
- NPS Tier-1
- Main pension account, long-term lock-in
- NPS Tier-2
- Flexible account for capital investment
- UPS Deadline Extension
- November 30, 2025
Sources
National Pension System delivered over 13% annual returns in equity schemes: FM Sitharaman
Financial Services Department & PFRDA Should Train Women As 'Pension Sakhis': Finance Minister Nirmala Sitharaman
Pension Funds Hail NPS Reforms, Call New Framework A Game-Changer For Sector
Pension funds hail NPS reforms, call new framework a game-changer for sector
Government plans major reforms of National Pension System
'How To Earn Maximum Monthly Income?'
India Gets Prestigious ISSA Award 2025 for Outstanding Achievement in Social Security
